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321 Asbury Ct Saginaw, TX 76179

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For Sale
$625,000

Single-family portfolio in Dallas-Fort Worth metroplex with established tenants.

Source: Steven McPherson Agent Steven McPherson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Income-Producing DFW Portfolio

This income-producing single-family portfolio offers an opportunity for investors to acquire townhome and apartment units in the Dallas-Fort Worth metroplex. The portfolio includes two townhome units at 321 and 413 Asbury Drive in Saginaw, TX, and two apartment units at Cimarron Court at 18333 Roehampton Court in Dallas, TX (Units 421 and 936). The properties benefit from established tenant occupancy; only Unit 421 is currently available for lease. The portfolio provides stable cash flow with the potential for long-term appreciation. The properties are located in high-demand rental markets within the DFW metroplex. The townhomes on Asbury Drive are in Saginaw, TX, a suburban community known for its family-friendly atmosphere and convenient access to major highways. This area offers suburban comfort with proximity to Fort Worth’s job centers, retail, and entertainment options. The condominium units at Cimarron Court are in North Dallas, a prime rental market with strong demand due to its proximity to major employment hubs, universities, and entertainment districts. Located near the Dallas North Tollway and President George Bush Turnpike, these units provide easy access to Addison, Plano, and Richardson. The Cimarron Court community offers amenities and a well-maintained environment. The portfolio currently generates nearly $45,000 in gross annual income at 75% occupancy. 75% of units are currently leased, with established tenants and consistent rent payments. Units are leased at competitive rental rates, with room for potential rent increases over time. One tenant has occupied their unit since 2011, and another since 2019, demonstrating strong tenant retention. The portfolio is income-producing, while the available unit provides an opportunity to secure a new lease at market rent.
Location Intelligence

Current Use by Public Records

Single family properties

Map

City
Saginaw
County
Tarrant
State
Texas
Longitude
-97.4371
Latitude
32.9166

FAQs

What type of property is this?
Multifamily property - Single-family portfolio in Dallas-Fort Worth metroplex with established tenants.
Where is this multifamily property located?
The property is located at 321 Asbury Ct Saginaw, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: - Income-producing portfolio generating nearly $45,000 in gross annual income.; - High-demand rental market locations in Saginaw and North Dallas within the DFW metroplex.; - 75% occupancy with established tenants and consistent rent payments.
More about this property
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